Bitcoin ETFs dump $696M in a day, the biggest exit since January

US spot Bitcoin ETFs lost $696 million in net outflows on Friday, the largest single-day exit for the group since January, according to Crypto Briefing. It caps a bruising stretch: October 30 saw $643.3 million pulled in one session, which at the time was the biggest daily withdrawal in about four months. Friday's number topped it.

Early November kept the bleeding going. Investors yanked $430.2 million on November 5 and $411.9 million on November 6, part of a three-day redemption streak. The week ending November 7 shed roughly $1.28 billion in total, the worst week for the funds since June 2026.

BlackRock's IBIT, the biggest fund in the category, is driving the retreat. It alone dropped $403 million on November 6 — nearly the entire $411.9 million that left all US spot Bitcoin ETFs combined that day. It gave up another $213.2 million on November 9. Fidelity's FBTC and Morgan Stanley's MSBT did notch occasional inflows during the stretch, so not every allocator was running.

The damage shows on the scoreboard. Net flows into US spot Bitcoin ETFs for the year slipped into negative territory during early November, down around $914 million. The long view holds up better: cumulative net inflows since the funds launched in January 2024 sit between $55.5 billion and $56 billion, with total assets under management estimated at $94 billion to $96 billion as of mid-November 2026. The redemptions have landed alongside broader market volatility and Bitcoin price corrections.

IBIT's dominance of the outflows is worth watching, per Crypto Briefing. If the largest fund keeps leading redemptions while smaller rivals like FBTC and MSBT pull in money now and then, it could signal allocators shifting between issuers rather than ditching Bitcoin exposure. A genuine broad exit would show up across most funds at once. Next up: whether daily flows turn positive, whether IBIT's redemptions ease, and whether the year-to-date total climbs out of the red before December ends.